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London, July 23rd 2007: Helping pharmacies to receive prompt reimbursement of funds has become a major issue in the US healthcare sector. Slow payments and inadequate reimbursement levels have made it difficult for many pharmacies to stay in business and to continue to provide the professional health advice their patients need.

Now technology from UK-based Smart Voucher Ltd. is helping to improve the way that pharmacies are reimbursed by their suppliers.

Working in partnership with PSKW & Associates the Smart Voucher platform is used to reliably and securely process transactions driven by an innovative payment card. The cards are produced for leading pharmaceutical companies and are used by patients when their prescriptions are dispensed at the pharmacy. The pharmacist swipes the card through their point of sale terminal and in doing so initiates an electronic transaction that results in a quick and direct reimbursement.

“Our patented Smart Voucher technology currently processes millions of dollars worth of transactions each month in Europe and has recently been deployed by Skype and Wal Mart across the US,” comments Mark Chirnside, CEO at London-based Smart Voucher Ltd. “We’re delighted that this proven platform is now being used in conjunction with PSKW in such a vital area as healthcare.”

The Smart Voucher system utilises the concept of a randomly generated, one time use unique voucher number. This concept is now being actively marketed, as Ukash, which allows for the creation and purchase of vouchers in-store and their redemption on the Internet, and in an increasing number of ‘closed loop’ environments.

Smart Voucher is regulated by the UK Financial Services Authority (FSA) as an Electronic Money Institution (ELMI), making it one of only a few electronic payment providers to have successfully passed the FSA’s stringent fiscal, technical, security and operational requirements.

“To improve the reimbursement environment for pharmacies required the innovation shown with the card, and the ability to reliably process a high volume of financial transactions in a totally secure environment. Smart Voucher has been proven to be capable of delivering a platform that is being used to process a rapidly growing number of transactions, and in doing so improving the business landscape for the US pharmacy industry,” concludes Robert Previdi, President of PSKW & Associates.

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For further information please contact:

Mark Chirnside
CEO Smart Voucher Ltd.
mark.chirnside@ukash.com
Tel: +44 20 7089 4067

About Smart Voucher Ltd.

Smart Voucher Limited is a UK based specialist payment solutions and services provider. Smart Voucher provides outsourced payment solutions using banking and retail payment system protocols. The company's flagship service, Ukash, is an e-commerce cash payment method that enables online purchases using cash, to eliminate the risk of credit and debit card fraud, repudiations and charge-backs, and protect personal identity.

Smart Voucher is regulated by the UK Financial Services Authority (FSA) and operates as an Electronic Money Institution. In addition to Ukash the company also provides 'closed loop' payment solutions such as Quickcash for William Hill Ltd. and the Skype Credit voucher system for Skype and Sainsbury's in the UK, and for Skype and Wal Mart in the USA.

For additional information see (www.smartvoucher.com)

This press release was distributed by ResponseSource Press Release Wire on behalf of Freshwater in the following categories: Business & Finance, Computing & Telecoms, for more information visit http://pressreleasewire.responsesource.com/about.